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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QUIK
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High volatility in QuickLogic Corporation stock price on Wednesday which ended trading at $14.11
(Updated on May 01, 2024)

Sell candidate since May 01, 2024 PDF

The QuickLogic Corporation stock price fell by -8.73% on the last day (Wednesday, 1st May 2024) from $15.46 to $14.11. During the last trading day the stock fluctuated 11.97% from a day low at $13.78 to a day high of $15.43. The price has risen in 7 of the last 10 days and is up by 13.06% over the past 2 weeks. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 447 thousand shares were bought and sold for approximately $6.30 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.30% during the next 3 months and, with a 90% probability hold a price between $12.15 and $20.39 at the end of this 3-month period.

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QUIK Signals & Forecast

There are mixed signals in the stock today. The QuickLogic Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.77. On a fall, the stock will find some support from the short-term average at $13.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -8.73%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for QuickLogic Corporation stock

QuickLogic Corporation finds support from accumulated volume at $14.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.65 between high and low, or 11.97%. For the last week, the stock has had daily average volatility of 9.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QUIK) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect QuickLogic Corporation to open at $14.44, and during the day (based on 14 day Average True Range), to move between $13.18 and $15.04, which gives a possible trading interval of +/-$0.93 (+/-6.60%) up or down from last closing price. If QuickLogic Corporation takes out the full calculated possible swing range there will be an estimated 13.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.03 (0.57%) than the resistance at $15.37 (8.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is QuickLogic Corporation stock A Buy?

QuickLogic Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.812 Sell Candidate Downgraded

Predicted Opening Price for QuickLogic Corporation of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$14.44 ( 2.34%) $14.11

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QUIK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.09 14.02 %
R2 15.46 9.56 %
R1 15.07 6.80 %
Current price: 14.11
Support S1 13.81 -2.13 %
S2 13.42 -4.89 %
S3 12.79 -9.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.59 17.58 %
R2 15.67 11.06 %
R1 15.37 8.89 %
Current price 14.11
Support S1 14.03 -0.567%
S2 13.13 -6.95%
S3 12.71 -9.92%

FAQ

What is the symbol for QuickLogic Corporation Stock and on which exchange is it traded?
The symbol for QuickLogic Corporation is QUIK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell QuickLogic Corporation Stock?
QuickLogic Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy QuickLogic Corporation Stock?
QuickLogic Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy QuickLogic Corporation Stock.

What's the current price of QuickLogic Corporation Stock?
As of the end of day on the May 01, 2024, the price of an QuickLogic Corporation (QUIK) share was $14.11.

What is the 52-week high and low for QuickLogic Corporation Stock?
The 52-week high for QuickLogic Corporation Stock is $20.75 and the 52-week low is $5.10.

What is the market capitalization of QuickLogic Corporation Stock?
As of the May 01, 2024, the market capitalization of QuickLogic Corporation is 202.864M.

When is the next earnings date for QuickLogic Corporation?
The upcoming earnings date for QuickLogic Corporation is May 21, 2024.
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About QuickLogic Corporation

QuickLogic QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching ... QUIK Profile

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